EUR/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 183.175 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 183.369 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.607 |
| 2nd High | 183.381 |
| Next High | 183.369 |
| Current Price | 182.94600 |
| Next Low | 182.707 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.369 – 183.381 – 183.607 – 182.707 – 183.006 – 183.009 —
182.98000 – 182.88500 —
48.350353567085 – 43.378737910747 —
– —
183.36900 – 1767758400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –